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Listed by:Keller Williams Realty PS • Tory Mayfield
$ 950,000
Est. payment /mo
New
16701 Pacific AVE S Spanaway, WA 98387
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Tacoma
MLS Listing ID 2545556
Style 60 - Comm Bldg Und 10K
Year Built 1939
Lot Size 0.310 Acres
Lot Dimensions 85 150 150 84
Property Sub-Type Commercial Industrial
Property Description
Rare owner-operator & value-add investment opportunity to acquire both the business & real estate of a long-established neighborhood bar occupying a highly visible, signalized corner at Pacific Ave/SR-7 & 167th Street. If your vision is to own a bar, acquiring a comparable corner location and developing a new establishment from the ground up would require significant time, capital, permitting, utilities, construction, equipment, licensing & considerable uncertainty. Instead, capitalize on the existing infrastructure by breathing new life into an established business with meaningful upside through operational improvements, modernization and an enhanced food, beverage, gaming & customer experience. If your aspirations don't involve owning a bar, the existing business provides the opportunity to operate an established income-producing use while pursuing your long-term vision for this exceptional commercial asset on one of Pierce County's busiest & most visible commercial corridors. Whether your plan is to maximize the existing operation, reposition the business, lease it to an operator, or capitalize on the long-term value of this premier commercial corner, opportunities combining real estate, business, infrastructure & location are becoming increasingly difficult to find. While you can remodel a building & rebrand a business, you cannot recreate this location. Business & real estate to be sold together. Show by appointment only. Please do not disturb employees or patrons.
Location
State WA
County Pierce
Area 99 - Spanaway
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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